Domino’s Pizza will serve Q3 results

Domino’s Pizza will announce its third-quarter results on Thursday 2 October before the market opens.

Domino's Pizza sign
Source: Bloomberg

Domino’s Pizza is trading at £5.71. The share price is up 5.1% since the company posted its first-half results in July in which pre-tax profits rose by 10% to £24.5 million, meeting analysts’ estimates. The company benefitted from the World Cup, with sales at its UK stores rising by 11.3%. Online orders and extended trading hours helped revenue, as well as new bundled promotions.

Domino’s is making inroads into Germany but it hasn’t been easy — poor trading and restructuring costs impacted the German division which reported a loss of £4.7 million. The Irish and Swiss divisions revealed an increase in revenue of 3.2% and 2.9% respectively, and the company is potentially going to expand its business in other countries.

Domino’s will report its full-year figures in February 2015. The consensus is for revenue of £290 million and an operating profit of £53 million. Equity analysts are bullish on Domino’s, five have buy ratings and five have holds.

A good set of third-quarter results and a positive outlook could help the stock break £6 which has proven tricky recently. The 200-day moving average of £5.41 is providing support. 

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